This article is more than
3 year old
Wall St
Square to acquire Afterpay for $29bn as ‘buy now, pay later’ booms
August 2, 2021 at 11:03
Jack Dorsey’s deal in fast-growing fintech sector is largest in Australia’s history
Payments company Square has reached a deal to acquire Australian “buy now, pay later” provider Afterpay in a $29bn all-stock transaction that would be the largest takeover in Australian history.
Square, whose chief executive Jack Dorsey is also Twitter’s CEO, is offering Afterpay shareholders 0.375 shares of Square stock for every share they own — a 30 per cent premium based on the most recent closing prices for both companies.
Melbourne-based Afterpay allows retailers to offer customers the option of paying for products in four instalments without interest if the payments are made on time.
Read More (...)
Square, whose chief executive Jack Dorsey is also Twitter’s CEO, is offering Afterpay shareholders 0.375 shares of Square stock for every share they own — a 30 per cent premium based on the most recent closing prices for both companies.
Melbourne-based Afterpay allows retailers to offer customers the option of paying for products in four instalments without interest if the payments are made on time.
Read More (...)
Keywords
Newer articles
Advertisement
In case you missed it
Ray J on Why Diddy's Friends Haven't Come to His Defense: 'I Think A Lot of People Are Trying to Understand It'
Taylor Swift’s music returns to TikTok even as label fights over artist compensation
Khloe Kardashian hounded after OJ’s death
Trump offers conditions for Ukraine aid renewal
Why Israel is risking a dramatic escalation with Iran
Netflix hit inundated with complaints
Biden vows 'ironclad' support for Israel amid Iran attack fears
Bianca Censori stuns in extreme v-neck dress
India calls for ‘immediate de-escalation’ amid Israel-Iran tensions